Blackstone/GSO Loan eyes issuing shares amid ‘attractive’ environment

By Wendy Van Sickle

Columbus, Ohio, Dec. 14 – Blackstone/GSO Loan Financing Ltd. said that “in light of the continued attractive investment and funding environment” its board is considering raising additional capital through an issue of shares.

In a notice distributed by the London Stock Exchange’s news service, the company said its investment objective is “to provide shareholders with stable and growing income returns and to grow the capital value of its investment portfolio by exposure, both directly and indirectly, predominantly to floating-rate senior secured loans.”

The company funds its investment in loans through a variety of funding sources, including equity capital, a three-year syndicated financing facility, notes issued to the company and non-recourse leverage from retaining income notes issued by CLOs.

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